Bookmyforex wire transfer reviews

But, one can make payments to international sellers who send an invoice or request money using PayPal. Payza is another popular app that helps in transferring money online from India.

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It lets you send money instantly to your loved ones for free and shop online internationally. One needs to load money into their Payza wallet using credit cards, bank wire, or using Bitcoins. Before sending money, they also need to add a payee.


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Also, users can receive funds from other countries. BookMyForex is a Gurugram-based currency exchange marketplace. Its mobile app is one of the economical ways to transfer money. It lets users compare different services from partner banks and find the best option suiting their needs. They need to select their location, currency, and enter an amount to get started. BookMyForex doesn't charge any fee for sending money abroad from India bank's charges apply.

ExTravelMoney app is an aggregator of almost all forex services provided by banks, financial institutions, and authorized money-changers in India. Users can get instant quotes which they can compare before directly booking a forex service on ExTravelMoney. They can select "Transfer Money Abroad", select currency, enter amount, and choose the purpose to and transfer funds. InstaReM is among the popular cross-border money transfer apps.

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Once the services are rolled out, Indian users would be able to make fast, convenient, and cost-effective money transfers abroad from India by adding a payee and setting up transfers for various purposes, including overseas education, medical treatment, international travel, etc. Skrill is another leading app that lets users make international money transfers from India to many countries.

It charges a 1.


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  • You can book and receive foreign currency without having to go to the bank or money changer. Also, as an initial offer, the website is offering the exchange at the interbank rate.

    Send money overseas from India using BookMyForex international money transfers

    This is the exchange rate at which banks buy and sell foreign currency among themselves. Usually, transactions with customers happen after a mark-up of at least 2.

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    This discounted rate will apply whether you buy or sell currency or forex cards. This can be done on forex cards as well. It also offers three free withdrawals from any ATM overseas using the forex card. The bank charges get waived for up to three withdrawals other than at special locations like airports, which carry an additional fee.

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    If you are travelling and you exhaust the money on your card, you can send an email to bookmyforex. Money can be transferred through Net banking. The interbank rate offer is a limited period offer, till September At the moment, they have partnered with Axis Bank for the forex cards, but the management has indicated more tie-ups going forward. The transactions are restricted to 14 currencies, although the major currencies are all covered. For frequent travellers or students, this service is useful as rates are low and there is a door step delivery option.

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    Remember that relevant documents are needed before a transfer can be completed, and there is a service tax applicable on the transaction. Click here to read the Mint ePaper Mint is now on Telegram. Join Mint channel in your Telegram and stay updated with the latest business news.